fbpx
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Marketplaces & E-commerce
    • Ecosystem
    • Robotics
    • Investments
    • EdTech
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • REGISTER
  • login
No Result
View All Result
No Result
View All Result
Home E-commerce

PH ‘most receptive’ market for secondhand goods, Carousell report says

Team AsiaTechDaily by Team AsiaTechDaily
02 December 2021
in E-commerce, Featured
0
Carousell
6
SHARES
Share on FacebookShare on Twitter
Bookmark (0)

Please login to bookmark

No account yet? Register

Filipino consumers do not mind buying secondhand goods online, a recent report reveals.

According to the inaugural Carousell Recommerce Index (2021 report), the Philippines is the most receptive market for secondhand goods in the Greater Southeast Asian region.

What are the reasons behind this?

At least 74% of Filipino consumers prefer purchasing second-hand items due to their affordable, price while 72% have never bought a second-hand item. Those who have never bought a second-hand item said that having authentication and warranty of products will motivate them to buy these goods.

In the Southeast Asian region, consumers had an estimated 102,556 unwanted items at home that could be sold.

In the Philippines, 92% of consumers responded that they’ve bought second-hand items including unused and brand-new items by casual everyday sellers. This is considered the highest among all Carousell Group markets.

The report also shows that 58% of Filipino online consumers are most comfortable buying secondhand apparel, while 75% of Filipino merchants choose to sell secondhand apparel.

In the Philippines, it is one of the markets that had the most users forecasting 100 unwanted items to sell. They tied with Hong Kong in third place for the highest average items per user at 43 unwanted items.

Consumers who also sell second-hand items estimate their earnings between P2,501 to P5,000. There is a percentage of 11% who believed they could earn more than P35,000.

The report, a Carousell Green initiative that highlights the importance of sustainability and recommerce in the region, is part of several programs organized by Carousell Group.

Recommerce refers to the selling and buying of previously-owned products, including both new and used in condition.

“Recommerce offers the second-best sustainable option by extending the life cycle of each garment and material, keeping it out of landfills, and replacing the need to produce new items, and limiting consumption,” said Ralph Garcia, Country MarketingHead, Carousell Philippines.

Garcia added that the pandemic has changed consumer behavior in the past months that they decided to come up with the Carousell Recommerce Index to find out where the company is heading and how to better understand the Filipino consumer’s attitude towards second-hand items.

Previous Post

SpeQtral raises $8.3m in Xora-led funding round

Next Post

VC firm Play Ventures launches $75m metaverse-focused fund

Related Posts

edit post
PhonePe
Featured

Indian fintech PhonePe raises $200m more from Walmart

March 21, 2023
edit post
Antler
Featured

Antler to invest in over 30 startups in Indonesia this year

March 21, 2023
edit post
WeBudding
Content & Games

Korean startup WeBudding partners exclusively with the most popular free app Goodnotes 5 to provide Korean digital stationery content to users globally

March 17, 2023
edit post
One Impression
Featured

One Impression raises $10m in Series A to expand product offerings

March 15, 2023
edit post
Bababos
Featured

Indonesian startup Bababos closes pre-seed funding led by East Ventures

March 15, 2023
edit post
Broom
Automobiles

Indonesian auto tech startup Broom raises $10m in Openspace-led funding

March 14, 2023
Next Post
edit post
Play Ventures

VC firm Play Ventures launches $75m metaverse-focused fund

Discussion about this post

No Result
View All Result

Follow Us

FREE NEWSLETTER




Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

No Result
View All Result
  • Topics
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • Gadgets & Electronics
    • Health & Bio
    • FinTech
    • IoT
    • Transportation & Logistics
    • Ecosystem
    • Marketplaces & E-commerce
    • Robotics
    • Investments
    • Featured
  • Deals
    • Private Equity
    • Venture Capital
    • IPO & Markets
  • Interviews
    • Startup Investing
    • Fundraising
    • Product Launching
  • MORE
    • Events
    • Startups Advice
  • Submit an Article
  • Forums
  • Jobs
  • REGISTER
  • Login

Copyright © 2023 AsiaTechDaily.com| About Us | Seed accelerator| Terms of Use| Privacy Policy| Cookie Policy Contact : [email protected] | DMCA.com Protection Status | trusted by Wimgo

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback